Please support our winter appeal with a cryptocurrency donation.
A cryptocurrency is a digital or virtual currency that can be used online. The currency is currency is maintained by a decentralised system rather than a central banking authority.
We currently accept the following cryptocurrencies: Bitcoin (BTC), Ether (ETH), Litecoin (LTD), Bitcoin Cash (BCH), Zcash (ZEC), Gemini Dollar (GUSD), Basic Attention Token (BAT), Chainlink (LINK), 0x (ZRX), Storj (STORJ), Dai (DAI), Amp (AMP), The Graph (GRT), UMA (UMA) and 1inch (1INCH), Axie Infinity Shards (AXS), Smooth Love Potion (SLP), Moss Carbon Credit (MCO2), TerraUSD (UST), Terra (LUNA).
We use the platform ‘The Giving Block’ to accept cryptocurrency donations. All donations can be made through the widget above. First, select which type of cryptocurrency you wish to donate and enter your donation amount. Next, fill out some basic information about yourself and enter an email address where you would like to receive a text receipt. Lastly, a wallet address will be generated for your donation which is linked directly to our wallet.
The Home values innovation in fundraising and strives to make supporting our cause accessible to everyone. We recognise the importance of cryptocurrency in today’s economy and endeavour to be progressive in our approach to inclusivity. There are now over 1,000,000 users of cryptocurrencies worldwide and we believe that accepting cryptocurrency donations will enable us to reach a wider range of supporters, which will ultimately increase our income and allow us to continue our essential work.
Yes; there is currently no legal restrictions on merchants accepting cryptocurrencies in the UK. HMRC have issued guidance on the handling of cryptocurrency donations, which Edinburgh Dog and Cat Home comply with. The guidance can be viewed here: Tax on cryptoassets – GOV.UK (www.gov.uk).
Cryptocurrencies work using blockchain security. A blockchain relies on networks of thousands of computers to verify transactions, making it close to impossible to tamper with the ledger.
Edinburgh Dog and Cat Home has custody and liquidity provided by Gemini, a licensed trust company that is regulated by the New York State Department of Financial Services (NYSDFS), and industry and world leader in cryptocurrency security and regulatory compliance.
Edinburgh Dog and Cat Home complies with the FRS 102 accounting policy which ensures our cryptocurrency donations are accounted for and measured accurately.